IBM Watson Services: Real-time Decoding of Consumer Choices fuelling Adoption

Advancements in the IBM Watson ecosystem are powering analytics and data with long-term value. Watson is offering value to oncology, suggesting tailored treatment procedures for patients on account of their unique medical records. Watson facilitates healthcare professionals in crunching large data volumes for identifying effective treatments with high success probability, thereby witnessing increased penetration in the industry. Finance organizations such as Citi have partnered with Watson for exploring use of its technology in consumer banking solutions. Managing regulatory and compliance controls have been made simple for these organizations post-development of cognitive technologies dedicated for consumer insight. This has created new opportunities for IBM Watson in the banking & finance sector.

Customer expectations are on the rise, with increased integration of technology into retail models. In order to tap into the upward trend, IBM Watson is leveraging the vigour of cognitive insight and digital technology for offering more personalized user experience. Demand from IBM Watson services will continue to be driven by growing opportunities for cognitive insights in the retail sector in the forthcoming years. A new Fact.MR report has envisaged the IBM Watson services market to reflect an exponential growth over the period of forecast, 2018 to 2028. Sales of IBM Watson services worldwide are foreseen to bring in over US$ 20,000 Mn revenues by 2026-end.

IBM Watson Services Market: Fundamental Shortcomings to Confine Growth Potential

IBM Watson services involve time-intensive laborious training, with the need for experts to feed enormous quantity of well-organized data into the platform for drawing insightful conclusions. Additionally, it can draw conclusions based only on body of data that it has been or being trained on. “Well-organized” requirement is a key challenge confining penetration of IBM Watson services, as unprepared sets of data are typically insufficient.

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IBM Watson gains Momentum by Facilitating Coding of Natural Language Processing

IBM Watson language services are poised to hold bulk shares of the market over the forecast period. IBM Watson integrates real-time computing power & machine learning, into language processing for sifting through immense unstructured data, such as social posts, journals, emails, and documents, for providing solutions faster. Better & improved understanding of communications - particularly natural language processing & translation – is a key agenda of IBM Watson language services, which in turn has propelled their demand among data centers.

Communication service providers (CSPs) are leveraging Watson services, such as natural language conversation and understanding, in not only identifying problems, but also resolving them. Incorporating a discovery process and deep reasoning into conversational system, IBM Watson provides context around differences in conversational agents, and their value offerings to businesses. This has further enables CSPs in winning consumer loyalty by using conversational agents.

IBM Watson Services: Real-time Decoding of Consumer Choices and Reducing Process Downtime Attributes fuelling Adoption

IBM Watson services aid retailers in decoding consumer choices by providing insights into latest trends, and key aspects of marketing. This further enable retailers in improving the profitability, and enhancing their business efficiency. Operating more effectively using analytics, IoT, and cognitive computing, IBM Watson helps manufacturing plants in reducing downtime and improving the overall operational quality.

Apart from increasing uptime, IBM Watson also helps manufacturing industry in lowering risks in their processes by analyzing machines, handling equipment repairs, and predicting outages. This further enables manufacturers in adapting their factory floors in real-time, for reducing downtime, and streamlining operations.

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Growing Use of SaaS Signifies a Shift in Clinical Trial Management Systems Market

 Essentiality of recording the varying requirements and imperative tasks of participants running a trail has driven the need for e-clinical framework, which is likely to become the master system of clinical trials as it evolves and integrates with other components of e-clinical continuum. Clinical trial management systems market (CTMS) will also be driven by increasing clinical trials outsourcing by  pharmaceutical companies to contract research organizations (CROs) for execution, in a bid to enhance sourcing flexibility, meanwhile focusing on higher-priority activities such as drug discovery.

Evolutions in Clinical Trial Management Systems Market

The evolutions in how clinical trials are conducted has meant that vendors are hard pressed to offer advanced solutions in addition to core functionalities such as site management, monitoring, and tracking. The need for innovation in clinical trials is also driven by mandates from regulatory authorities. Emphasis on transparency throughout the study process and adoption of risk-based approaches to clinical trial design influence the clinical trial management systems market.

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Highlights

• Clinical trial management systems market to surpass US$ 1 Bn during the review period


• Incremental opportunity of US$ 116 Mn in web-based clinical trial management systems market


• U.S. and EU5 among the most lucrative markets globally for vendors

Web-based clinical trial management systems continue to be the preferred mode of deployment for pharmaceutical and biotechnology companies, finds a new study by Fact.MR. The report projects that web-based clinical trial management systems will remain pervasive in the clinical trial management systems marketduring the review period 2018-2028, gaining an impressive US$ 116 Mn in incremental opportunity in a decade.

According to the report, standardization, SaaS-based solutions, and flexibility in terms of pricing and licensing are among the key evolutions in the clinical trial management system market. The increasing complexity in clinical trials has meant that pharmaceutical companies prefer outsourcing clinical trial execution to contract organizations. Outsourcing is likely to gain further momentum during the assessment period as proliferation of specialty clinical research organizations and academic research organizations (AROs) witnesses a spike.

The report finds that revenues generated from clinical trial management software are higher than services, and the status quo is unlikely to remain unchanged during the assessment period. The revenues generated from clinical trial management software is nearly 3x of services in 2018, and both these segments are likely to grow at similar CAGR during the assessment period.

Preference for enterprise-based clinical trial management systems is higher among end-users. The preference for enterprise-based clinical trial management systems can be gauged by the fact that this segment accounted for nearly three-fourth revenue share of the market in 2018. The preference for enterprise-based clinical trials is likely to continue unabated during the review period.

Future of Web-Based Clinical Trial Management Systems Market

Considering the slew of advantages clinical trial management systems have over traditional systems, the future belongs to web-based clinical trial management systems. The transition in the clinical trial management systems has been undergoing for some time now, and web-based procedures now account for a majority share of the market. However, it is also pertinent to mention that there is still a level of skepticism and reluctance in the clinical trial industry, especially in terms of data security and privacy. Availability of platforms and cloud-based products that utilize big data technology to optimize the cost of clinical development process can reduce some level of uncertainty.

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Survey Results Suggest Strong Future for Data Center Market

A new Fact.MR study foresees the data center market to bring in nearly US$ 178,000 Mn revenues by 2028-end. Reliance on the data center continues to grow, albeit more workloads are shifting to multi-tenant sites from on-premise facilities. The rise of hyperscale cloud providers, coupled with the hybrid cloud and edge data center trends will continue to influence growth of the data center market.

Revenues from installation & construction of data centers are poised to remain significantly larger than those from consulting & integration services, albeit the latter will present a comparatively higher growth rate through 2028. Construction of new data center space has demonstrated a five-year high. North American Data Centers, a firm that tracks the data center industry in North America, has stated data center projects of nearly 300 megawatts capacity are under construction in the region.

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Data Center Market: Changes in Operational Processes and IT Staff Shortage Confining Growth Prospects

Transformations in technology and data center network have meant that reorganizing and updating operational processes apropos of software and hardware has become imperative. Changes in operational processes have necessitated overall upgradation of the management process in organizations. This further entails challenges such as substantial implementation time, which in turn results in project delays against the backdrop of process re-engineering.

Proliferation of digitization and technological advancements in the data center market have propelled demand for skilled IT professionals for the management and handling of software-defined and connected services. However, shortage of IT staff in lucrative areas such as crisis management, operational efficiency, IoT and software-defined networking, Big Data, cloud computing, and mobility has led to varying uncertainties in solutions, This has further increased the probability of system errors or functional failures, thereby confining growth of the data center market.

Data Center Market: Impressive Momentum for Consulting & Integration of Data Centers

Data center consulting and integration services are likely to record an impressive rise in light of rising complexity pertaining to the network design requirements. This coupled with growing need for data centers across a wide range of industrial sectors will continue to augur well for growth of the data center market in the near future. Revenues from data center consulting & integration are projected to exhibit an impressive 12.5% CAGR through 2028, which is greater than those from installation & construction.

The data center market will continue to showcase high growth in North America, wherein majority share of the market will continue to be accounted by the U.S. The data center market in Europe will trail that of North America, in terms of revenues; however revenues from Europe will increase at a comparatively higher rate than those from North America through 2028.

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Europe GDPR Assessment Tools Market to Undertake Strapping Growth

Fact.MR has come up with an interesting research report on GDPR assessment tools market with an explicit focus on the European region. The research report includes assessment on various participants involved in the GDPR assessment tools market along with interesting morsels of data on tier-1 players competing in the market. The chapter on competitive landscape in the GDPR assessment tools research report reflects the market share assessment of key companies involved in the market. The dashboard view of the GDPR assessment tools leading manufacturers depicts a clear picture by magnifying all key components associated with GDPR assessment tools market with
respect to competition.

Growing imperativeness of information and data protection in light of increased concerns regarding cyber-crimes and leak of personal data has supported the initiation of the EU General Data Protection Regulation (GDPR) assessment tools. Superseding the Data Protection Directive 95/46/EC, GDPR facilitates harmonizing of data privacy laws across European countries in order to empower and streamline processes in organizations that are involved with personal information.

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The GDPR assessment tools market is envisaged to record a spectacular 35.6% CAGR between the forecast period 2018 and 2028, according to a recent Fact.MR study. Albeit rising anxiousness across the IT and relevant business sectors is considered as a key concern, GDPR assessment tools market will be substantially underpinned by high penalties imposed on organizations that do not comply with GDPR.

Detailed Segmentation of GDPR Assessment Tools Market

In order to understand the complete GDPR assessment tools market and its performance across various European countries, the report on GDPR assessment tools market reflects a thorough market segmentation. In-depth value and volume projections on every segment and across every country have been covered in the report. The report on GDPR assessment tools market has been segmented  on the basis of service type, enterprise size type, deployment type, end use industry, tools type and country.

GDPR Assessment Tools Market: Surging Adoption Among Large Enterprises

Albeit a comparatively lower count of large enterprises in European Union, the market for GDPR assessment tools is expected to witness a surging demand from large enterprises that are anticipated to chiefly contribute to the growth of the GDPR assessment tools market in the region. That said, sales of GDPR assessment tools among large enterprises in EU are expected to sky-rocket as compared to small and medium enterprises (SMEs) in the coming years, given their higher spending capacity as compared to SMEs. However, SMEs being larger in number are expected to pave potential growth opportunities for GDPR assessment tools market. That said, given the mandatory compliance regulations for adopting GDPR standards for organizations under the EU regulatory framework, future of GDPR assessment tools is expected to remain optimistic in the forthcoming years.

GDPR Assessment Tools Market: Expeditious Requirement of GDPR Assessment Tools among Non-compliant Organizations Creating Lucrative Avenues

Nearly half of the organizations in Europe are not yet compliant to GDPR, although they have been preparing for the same since 2016 – when the law was approved. These organizations are therefore rapidly seeking GDPR assessment tools on account of the complexity and extensive steps involved in the compliance process. With absolute data control being sought-after among the GDPR non-compliant organizations, for maintaining their market reputation and preventing the associated penalties, growth of the GDPR assessment tools market will witness significant momentum in the forthcoming years.

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Structured Cabling Market: North America Remains the Leading Market

The evaluating research study presented by Fact.MR offers exclusive insights along with a long-term overview of the structured cabling market for the period of 2018 to 2028. The report primarily focuses on providing its readers with an extensive perspective of the structured cabling market, enabling them to make factual and accurate business decisions for the successful growth of their businesses in the forthcoming years.

In brief:

• The structured cabling market recorded a CAGR of over 6% during the period, 2013 to 2017. The structured cabling industry has been underpinned by the continual expansion in the datacenters, the increasing mobile internet subscriptions, and the constantly changing business infrastructure.


• Value of the structured cabling market was estimated at nearly US$ 16 billion in 2018, and is forecast to record a CAGR of approximately 8% through 2028.


• North America remains the leading market for structured cabling, undergird by the proliferation of data center projects in the U.S. Additionally, significant evolutions in the region’s telecommunication industry will continue to influence the demand side trends in the structured cabling market.

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Key Growth Drivers of the Structured Cabling Market?

• Structured cabling industry is under a radical transformation, with focus of companies on modernization of infrastructure. Enterprises are making investments into expanding and revolutionizing their network and communication infrastructure in response to the changing business landscape, thereby paving remunerative avenues for the structure cabling market players.


• As 5G technology continues to witness a marked penetration globally, enterprises and businesses are adopting newer ways to cope up with the network transformation. Regardless of the increasing incorporation of wireless technology globally, fiber will continue to remain an integral component of the network infrastructures. 5G deployments and trials are laying the foundation for new structured cabling installations, thereby translating into promising opportunities for established as well as emerging structured cabling providers.


• The datacenter industry is on an upward spiral, in light of increasing investments by companies, which are creating the need to manage larger volumes of data. Furthermore, the emergence of modular data centers have stimulated the utilization of modularized data cabling solutions that hold superior networking capabilities.


• The increasing demand for sophisticated network infrastructures along with improved performance and connectivity has further complemented growth of the structured cabling market. As the focus of the telecommunication industry on point-to-point cabling solutions continues to grow, the paradigm shift from conventional to structured cabling solutions among companies is increasingly palpable.

Competition Analysis of Structured Cabling Market

The structured cabling market remains a consolidated landscape, with nearly 50% shares held by the top five companies. Key players operating in the structured cabling market are emphasizing the provision of novel structured cabling hardware and services. Partnership with service providers that offer  installation and consultation services continues to remain a key growth strategy of leading players in the structure cabling market, while emerging players are focusing on  in-house service offerings.

Key players operating in the structured cabling market, as profiled in the report, include Corning Incorporated, CommScope Holding Company, Inc., Nexans S.A., Legrand SA, Datwyler Cabling Solutions AG, Panduit Corp., The Siemon Company, Schneider Electric SE, ABB Ltd., Nutmeg Technologies, Superior Essex Inc., Belden Inc., Furukwa Electric Co. Ltd., Hubnetix Corporation, Tri-City Electric Co., and others.

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